An Act amending the act of July 10, 1987 (P.L.246, No.47), known as the Municipalities Financial Recovery Act, in receivership in municipalities, further providing for powers, duties and prohibited actions.

HB 510 amends Pennsylvania's Municipalities Financial Recovery Act to require receivers managing financially distressed municipalities to consult the Pennsylvania Public Utility Commission (PUC) before selling, leasing, or disposing of water or wastewater systems. The PUC must analyze within 90 days whether the transaction would raise residential utility rates by 25% or more, and if so, the receiver cannot proceed. This rule directly affects receivers and financially distressed municipalities when handling public utility assets. The bill establishes a clear procedural safeguard to prevent significant rate increases for residents during asset transactions.